The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1887-10-06
"A GREAT

IL WV
Texas has levied two assessments of
ST each on each of it's 100000 mem
bers. The half a million Of capital
thus to be raised is to be devoted to
the construction Of the State and
National Alliance headquarters, also
a State Alliance Cotton, Grain and
Stock Exchange. These institutions
are to be located at Dallas, which has
given the Alliance a bonus of $4,000
in cash, temporary quarters, and a
building site, to induce it to locate it's
establishments in that city. The ALI
ance agrees, in the event Of its failure
to erect the buildings, to forfeit the
land and all improvements thereon.
The exchange and headquarters will be
a four-story building 100 by 200 feet.
The exchange expects to handle 4OO,-
600 bales of cotton this year, and has
already perfected banking arrange
ments whereby it's members can draw
$50 on each bale, using the yard re-
ceipts as collateral. The State and
National headquarters are to be in the
Exchange building. One o. more
cotton factories are to be run by a
separate cooperative association COM
posed of members of the Alliance who
take shares at SIS each. Fifty acres
Of land have been offered as a location
for the factories. The Alliance is to
spend 5000, 900 in buildings within
two years. This is unquestionably the
most extensive effort at cooperation
in a financial way that American
farmers have ever attempted. If the
whole matter is carefully managed by
competent men who are not hampered
by the restrictions of the order, or by
lack of funds, it will be a great sue
cess. Otherwise, it's success will be
questionable. If the farmers through
out the State will promptly pay their
assessments and sell their products
through the Exchange, and will pat
ronize the products of the factories to
be established, they ought to make a
great saving. Certainly, there is no
good reason why cotton and wooden
mills should not succeed in the South
and West when properly managed.
When those sections manufacture
their raw products at home they will
retain vast sums of money now sent to
the North and East for manufactured
goods. This constant drain is what
makes money SO scarce in some Sec
tons. If Texas farmers succeed in
their great undertaking, it will be the
signal for similar efforts elsewhere.
The eyes of the world are upon them.
We trust they will be equal to the
occasion.-Fdrm and Home.
Writing to The Farmer of St. Paul,
Mimi, from his home at Old Sparta,
N. c., Hon. Elias Carr, the President
of the Farmers Association Of North
Carolina, has this to say about "Dai-
rying at the South Here we have
no trouble to get highly-colored butter
all through the winter, from Jersey
COWS fed on properly cured clover hay
more highly colored, indeed, in the
month Of January than any l saw in
Minnesota last August. In fact, our
State is rapidly coming to the front in
the dairy interest. [ have failed to
see a better record from anywhere
than the following: Mr.. W. G. Up
church, of Raleigh, has marketed
4,4OO pounds of butter in the past II
months from eleven thoroughbred Jer-
seys, and gotten an average price of
forty cents per pound. With cotton
seed and ensilage we are getting grand
results.-AHanta, Ga, Southern CuHa-
GATOR.